TechFlow reports that on May 29, Yuga Labs announced adjustments to the organizational structure related to ApeCoin. Cam, head of ApeCo (formerly the Ape Foundation), will step down, with this transition expected to be completed by June 5. Thereafter, the ApeChain core technology and business development teams will collaborate directly with Yuga Labs, and some ApeCo members will also depart.
Yuga Labs stated that this move aims to reduce coordination costs and ensure ApeCoin is no longer viewed as a separate initiative detached from its broader brand progress. Meanwhile, Yuga Labs is planning roadshows in Hong Kong, Shanghai, Taipei, and Seoul in June to meet with partners, exchanges, investors, institutions, and community members.
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